Canara Bank Car Loans
Canara Bank offers car loans at competitive interest rates with flexible repayment options. Here are the details of their car loan scheme:
Key Features:
- Loan Amount: Up to 90% of on-road price of the car
- Tenure: Up to 7 years
- Interest Rate: Competitive rates starting from 7.30%
- Processing Fee: 0.25% of the loan amount
- Prepayment Charges: Nil for floating rate loans
Eligibility Criteria:
- Minimum age: 21 years
- Maximum age: 65 years
- Minimum annual income: Rs. 3 lakhs
- Employment: Salaried or self-employed individuals
Documents Required:
- Identity proof
- Address proof
- Income proof
- Bank statements
- Passport size photographs
- Car quotation
How to Apply:
You can apply for a Canara Bank car loan online through their website or visit the nearest branch for assistance.
Benefits:
- Quick approval and disbursal
- Low processing fee
- Flexible repayment options
- Attractive interest rates
For more information, visit Canara Bank Car Loan page.
